Gross Domestic Product for Mozambique
MKTGDPMZA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,416,650,343.48
Year-over-Year Change
34.33%
Date Range
1/1/1991 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Mozambique measures the total monetary value of all goods and services produced within the country's borders over a given period. It is a key indicator of economic health and growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP is the broadest measure of a country's overall economic activity and production. It is widely used by economists, policymakers, and analysts to assess the performance and trajectory of a national economy.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
GDP data helps inform economic and fiscal policy decisions at the national level.
Key Facts
- Mozambique's GDP was $14.36 billion in 2021.
- GDP growth in Mozambique was 2.2% in 2021.
- Services make up the largest sector of Mozambique's economy.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Mozambique measures the total monetary value of all goods and services produced within the country's borders over a given period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic health and growth, and is widely used by economists, policymakers, and analysts to assess overall economic performance and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: GDP data helps inform economic and fiscal policy decisions at the national level, as it provides a comprehensive view of a country's overall economic activity and production.
Q: Are there update delays or limitations?
A: The GDP data for Mozambique is published annually by the World Bank, with some potential delays in data availability.
Related Trends
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Mozambique
DDOI10MZA156NWDB
Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Mozambique
MOZFCMTNUM
Claims on Private Sector for Mozambique
MOZFDSAOPGDPPT
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Mozambique
MOZFCLODCXDC
Liquid Liabilities (Broad Money) for Mozambique
DDOI07MZA648NWDB
Number of Identified Exporters to Mozambique from Minnesota
MNMOZA475SCEN
Citation
U.S. Federal Reserve, Gross Domestic Product for Mozambique (MKTGDPMZA646NWDB), retrieved from FRED.